Save Money, Pay Less Tax

Find how the Web and Internet can work for your business

Want to know how to pay less tax and increase your market awareness? There are many strategies you can use to save yourself tax dollars. Consider getting your website and online marketing up before the end of the financial year, and you can not only save on paying less tax but heavily benefit by having your marketing presence and awareness bolstered.

Many individuals and business owners struggle to make the right choices when it comes to effectively reducing their taxable income. Typically the less income you make the less tax you pay; of course who wants to earn less? But you can continue to earn your dollars and grow your business but pay less tax if you can deduct more expenses from your income.

Most people don’t want to earn less money, so we should focus on reducing taxable income. You should be deducting business-related expenses to reduce your taxable income. Not all expenses can be deducted, but generally most expenses related to the running and maintaining of your business can be deducted. This can be things such as office stationery, educational books related to your work, furniture, advertising, and of course, your website.

Consider paying things off before June 30th to use them as a deduction. If you have any outstanding payments, website deposits, or if you are looking to purchase something, try to make the payment soon! Even if the invoice has not yet arrived, consider requesting to make an early payment. Most businesses will be all too happy to accommodate such a request.

Look at making some of your payments on future investments before the end of this financial year. It could save you a lot of money on your tax bill!

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